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  1. Deals Analysis
November 23, 2021

Life Insurance industry deals total $692.2m globally in October 2021

By Carmen

Total life insurance industry deals worth $692.2m were announced globally for October 2021, with the $210m private equity deal with Title Resources Guaranty being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 81% over the previous month of $3.64bn and a drop of 84.8% when compared with the last 12-month average of $4.54bn.

In terms of number of deals, the sector saw a drop of 13.33% with 26 deals in October 2021 when compared to the last 12-month average of 30 deals.

In value terms, North America led the activity with deals worth $376.35m in October 2021.

life insurance industry deals in October 2021: Top deals

The top five deals accounted for 83% of the overall value during October 2021.

The combined value of the top five deals stood at $574.33m, against the overall value of $692.2m recorded for the month.

The top five life insurance industry deals of October 2021 tracked by GlobalData were:

1) Centerbridge Partners $210m private equity deal for 70% stake in Title Resources Guaranty

2) The $122.54m acquisition of 23% stake in Paytm Insuretech by Swiss Re and Vijay Shekhar Sharma

3) OMERS Growth Equity and Thomvest Ventures $100m venture financing deal for 23% stake in Ladder Financial

4) The $93m venture financing of GetSafe by Abacon Capital,CommerzVentures,Earlybird Venture Capital GmbHKG and Swiss Re

5) European Bank for Reconstruction and Development $48.78m acquisition deal with Euroins Insurance Group

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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